Tenax Therapeutics' (TENX) CEO John Kelley on Q4 2015 Results-Earnings Call Transcript.
Answer Wiki. I honestly don't think there's a plus to a debit card. It's not as secure as credit (if you get theft ed say goodbye to your money), there's no perks, and there could be potential fees (overdrafting, etc). Other then getting money from ATMs, I can't think of a reason to use them. The minus for credit is the ease of debt.
Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping. In the accounting equationâAssets = Liabilities + Equityâif an asset account increases (a debit), then either another asset account must decrease (a credit), or a liability or equity account must increase (a credit).